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GNR - U.S. Steel - Ugly Action In The Stock Calls For Long Positions
SPDR S&P Global Natural Resources
The protectionist policies of the Trump Administration in the United States are meant to both level the playing field for international trade, and to support US business and exports. When it comes to the steel business, other nations were dumping the ferrous metal on the US business for decades at the expense of US producers.
In the movie The Godfather, during a discussion between Michael Corleone and Hyman Roth, Roth tells the crime boss that there gambling empire has grown to be "bigger than US Steel." These days that is not a difficult feat.